A) Commercial Bank
B) Scheduled Bank
C) Cooperative Bank
D) National Bank
E) Regional Rural Bank
Correct Answer: B
Solution :
A scheduled bank, in India, refers to a bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934. Banks not under this Schedule are called non-scheduled banks. Scheduled banks are usually private, foreign and nationalised banks operating in India. However, cooperative banks are allowed to seek scheduled bank status if they satisfy certain criteria.
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